What % of tax revenues should the rich (top 5%) pay?

[Baalzamon]

RCTjunkie said:

Rath said:

RCTjunkie said:

I want to be careful into organizing categories for percentages.

For example, if I said 20% for less then 100K, and 30% for more then 100K, what would motivate someone to get a pay raise from 99,000 dollars to 105,000 dollars when in reality they'll lose money?

Maybe just a flat dollar per dollar 23.436% tax rate.

You can tax for every dollar over a certain amount. So if you're being taxed 20% for less than 100k and then you earn 110k, only the 10k is taxed at the higher rate.

Oh I din't know that.... well, I haven't been taxed yet, so maybe I shouldn't imput until I get 1st hand with this issue... :/

That's why they do it the way they do it with tax brackets.  With their system, you pay a certain % up to a certain dollar amount.  Then, on the next so many dollars you earn, you pay another %.  And if they were going to do a flat dollar per dollar tax rate, I'd rather just have a sales tax...that way those who like to spend can pay more taxes than those of us who save up our money.